0
At what age does a person no longer have to pay federal income taxes?
Wiki User
∙ 15y ago
No such thing...young or old...the tax is based on income and your age is irrelevant.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Are federal income taxes deductible for federal corporate income taxes?
No, they are not.
Does a person drawing workers comp have to file taxes?
If worker's compensation is your only income for you and your family then no you don't have to file taxes. Worker's Compensation is not taxable on Federal Income Taxes.
Do your race have any bearing on your federal income taxes?
Race does not have any bearing on US Federal income taxes.
What is the federal government's source of income?
Individual income taxes is the federal government's largest source of funds.
Is it legal in MI for the lender to garnish your income taxes?
Yes....but not your federal income taxes.
Can you still file income taxes even though no federal taxes were taken out of check?
Can you still file income taxes even though no federal taxes were taken out of check?
A sum of money placed on a person property or income of an individual by government?
The sum of money placed on a persons property or income by the government is referred to as taxes. In the United States, these taxes are federal and state taxes.
Can a person claim exempt of federal taxes for only one paycheck?
If you earn income or make money, you are required to pay federal taxes. It does not matter how many paychecks you receive.
Can federal taxes withheld be tax deductible?
You cannot deduct withheld federal taxes on your federal income tax return. There are some states that allow the deduction of withheld federal taxes on the state income tax return.
Do NY pay federal taxes on unemployment?
Unemployment benefits are subject to federal income tax in every state. However, in 2009, the first $2400 per person is exempt from federal income tax.
How much are taxes in Florida on 5000 dollars?
None. Florida doesn't have State Income taxes and the threshold for Federal Income taxes is more than $5000 as the Standard Deduction for a single person for 2014 is $6200.
Do disable people stop paying federal taxes?
No. Income below the threshold is the only thing that can cause a person not to be required to file taxes.
